LUSAKA, Aug 9 (Reuters) - Vedanta Resources' Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said. In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at Konkola...Read More
Aug 9 (Reuters) - Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives.Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company.V...Read More
Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a non-biding letter of intent. Completion of the deal is subject to closi...Read More
Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapac?? Region in northern Chile.Yesterday, Teck said that the regional Environmental Committee of Tarapac?? voted to approve the project's Environmental Impact Assessment.The mine is expected to generate 300,000 tonnes of copper equivalent production per year for the first five years of mine life.Teck est...Read More
* China slaps new tariffs on $16 bln worth of U.S. goods* China July crude imports at third-lowest this year* EIA data shows U.S. oil stockpile draw shy of forecasts* Market surprised by U.S. gasoline stockpile build (Updates with settlement prices, adds commentary)By Stephanie KellyNEW YORK, Aug 8 (Reuters) - Oil prices slid about 3 percent on Wednesday as a trade dispute between the United State...Read More
By Manoj KumarNEW DELHI, Aug 8 (Reuters) - India's central bank will need to gradually tighten monetary policy further due to rising inflation, driven mainly driven by higher oil prices and a falling rupee, the International Monetary Fund said on Wednesday.The Reserve Bank of India raised the repo rate INREPO=ECI for the second straight meeting last week by 25 basis points to 6.5 percent, while wa...Read More
* Oil prices under water after sliding 3 pct overnight* Escalating Sino-U.S. trade tensions blamed for cautious mood* Asia share markets mixed, Nikkei eases in early trade* Russian rouble hammered by sanctions, sterling by Brexit fearsBy Wayne ColeSYDNEY, Aug 9 (Reuters) - Asian shares were subdued on Thursday after a new round of tit-for-tat tariffs in the U.S.-Sino trade conflict torpedoed oil p...Read More
* FTSE 100 up 0.8 pct at close; midcaps rise* Sterling hits 2018 lows, boosts exporters* Paddy Power hit by lowered outlook (Adds details, closing prices)By Danilo MasoniMILAN, Aug 8 (Reuters) - The UK's top share index rose for a fourth day in a row on Wednesday, helped by strong financials and exporters bolstered by a weaker pound, while a lowered outlook hit bookmaker Paddy Power Betfair.The...Read More
Investing.com - Gold prices traded lower on Wednesday as a Federal Reserve policymaker reiterated the need for rate hikes and a stronger dollar weakened demand for the precious metal.At 11:42 AM ET (15:42 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange slipped $1.10, or 0.09%, to $1,217.20 a troy ounce.Meanwhile, the U.S. dollar index, which measu...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 up 0.3 pct; midcaps rise* Oil stocks provide continued support* Paddy Power hit by lowered outlook* Housebuilders fall after grim Bellway updateBy Danilo MasoniMILAN, Aug 8 (Reuters) - The UK's top share index was on track for its fourth straight day of gains on Wednesday, helped by continued strength in energy...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Orla hits 147.7m at 1.25% copperResource definitionPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroftFurther de-risking as Danakali debuts on bigger stageSPONSOREDdanakaliA new feasibility study has posited a 10-year mine life, starting in late 2020, during which time the project joint venturers e...Read More
Why not? After all, CAML is all about base metals with copper operations at Kounrad in Kazakhstan and at Sasa, a newly acquired underground zinc and lead mine in Macedonia. Copper prices, to take one example, have slumped by about US$1,000 per tonne since January.But CAML has a powerful hedge at its disposal that should see it through good times and bad, says Clarke. "One of the things that...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals and plastics, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:"The US tariff on chemicals predomina...Read More